Throughout Friday’s buying and selling session, the shares of an organization engaged within the manufacturing of cotton yarn and technical textile merchandise surged 12 p.c at Rs. 249 on BSE, after the corporate secured an order price almost Rs. 36.2 crores from Ministry of Defence.
At 12:38 p.m., the shares of Shiva Texyarn Restricted had been buying and selling within the inexperienced at Rs. 240, up by almost 8 p.c, as in opposition to its earlier closing worth of Rs. 222.25, with a market cap of Rs. 311.2 crores.
What’s the Information
As per the newest regulatory filings with the BSE, Shiva Texyarn has introduced securing an order valued at ~Rs. 36.2 crores from the Indian Airforce, Division of Navy Affairs, Ministry of Defence, Authorities of India.
The order entails the availability of 16,000 pairs of SUIT PERMEABLE MK V, scheduled for supply between third January 2025 and thirty first August 2025.
Earlier Order
twenty fourth October 2024: Shiva Texyarn secured an order price round Rs. 41.24 crores from the Indian Military, Ministry of Defence, Division of Navy Affairs.
In accordance with the regualtory filings, this order concerned the availability of 26,574 units of the Excessive Chilly Climate Clothes System (fits). The supply for this order is deliberate between twenty third October 2024 and sixteenth January 2026.
Moreover, the purchaser reserves the fitting to extend or lower the amount to be ordered as much as 25 p.c of the bid amount on the time of contract placement.
Financials
Shiva Texyarn skilled a marginal decline in its income from operations, displaying a year-on-year rise of three.5 p.c from Rs. 98.7 crores in Q2 FY24 to Rs. 95.2 crores in Q2 FY25.
In distinction, its web revenue elevated throughout the identical interval from a lack of Rs. 2.6 crores to a revenue of Rs. 2.77 crores.
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Inventory Efficiency
The inventory has delivered optimistic returns of almost 64.2 p.c in a single yr, in addition to round 31.3 p.c returns within the final six months. Likewise, the shares of Shiva Texyarn have given optimistic returns of about 6.4 p.c within the final one month.
Concerning the firm
Shiva Texyarn Restricted is engaged within the enterprise of producing of cotton, yarn and technical textile merchandise like coated and laminated materials, dwelling textile and different worth added merchandise.
The corporate was integrated within the yr 1980 and has its registered workplace and manufacturing unit in Coimbatore.
Written by Shivani Singh
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